Today: 15 May 2026
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LSE:MICC 15 May 2026

Magnum Ice Cream Buyout Buzz: Blackstone and CD&R Circle Ben & Jerry’s Owner After Stock Slide

Magnum Ice Cream Buyout Buzz: Blackstone and CD&R Circle Ben & Jerry’s Owner After Stock Slide

Blackstone and Clayton, Dubilier & Rice are considering bids for Magnum Ice Cream Company, owner of Ben & Jerry’s and Cornetto, Reuters reported. Magnum shares surged nearly 16% after the news. The company, split from Unilever less than six months ago, reported Q1 revenue of €1.77 billion and 4.5% organic sales growth. Magnum holds about 21% of the global ice cream market.
15 May 2026
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Stock Market Today

  • Walmart Directs Flipkart to Postpone IPO, Prioritize Profitability
    May 15, 2026, 10:14 AM EDT. Walmart has instructed its Indian eCommerce arm, Flipkart, to delay its initial public offering (IPO) and focus on achieving profitability, specifically targeting EBITDA breakeven by fiscal year 2027. EBITDA, a measure of operating profitability before interest, taxes, depreciation, and amortization, is central to this directive which applies to all external funding efforts. The move signals Walmart tightening financial discipline following its $1 trillion market capitalization milestone and ongoing corporate restructuring, including job cuts in global tech teams. CEO John Furner's recent visit to Flipkart's Bengaluru offices marked a strategic push emphasizing sustainable growth over speculative capital raises amid uncertain markets.

Latest articles

Why Cerebras Stock Is Down Today: Wall Street Hits the Brakes After a Blowout AI IPO

Why Cerebras Stock Is Down Today: Wall Street Hits the Brakes After a Blowout AI IPO

15 May 2026
Cerebras Systems shares fell about 4% to $298 in early Friday trading, retreating from Thursday’s $311.07 close after a 68% Nasdaq debut. The stock remained roughly 61% above its $185 IPO price. Investors cited concerns over high valuation, customer concentration, and how much OpenAI demand is already priced in. Cerebras raised $5.55 billion in its offering, which was expected to close Friday.
Why Intel Stock Is Down Today: AMD, Arm and a Hot Chip Rally Put INTC on the Back Foot

Why Intel Stock Is Down Today: AMD, Arm and a Hot Chip Rally Put INTC on the Back Foot

15 May 2026
Intel shares dropped 6.5% to $108.45 after the open Friday, extending a three-day slide. UBS data showed Intel’s server CPU market share fell to 54.9% in Q1, while AMD and Arm gained ground. The decline followed a sharp rally driven by AI demand and foundry hopes. Broader chip stocks also retreated as investors weighed profit-taking and persistent high interest rates.
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